Why Peloton Interactive Stock Is Falling Today
Shares of Peloton Interactive (NASDAQ: PTON) are falling today, down 4.8% as of 12:20 p.m. EDT, following last week's moves that pushed the stock to record highs. Investors may be taking some profits off the table.
The connected fitness leader reported a blowout second quarter last Thursday despite the complications caused by the coronavirus pandemic, with promises of more growth to come as it introduces new, lower-cost at-home fitness equipment.
Image source: Peloton Interactive.
Source Fool.com